Eversource Energy (NYSE:ES) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its stake in Eversource Energy (NYSE:ES - Free Report) by 75.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592,334 shares of the utilities provider's stock after buying an additional 255,500 shares during the period. Adage Capital Partners GP L.L.C. owned 0.16% of Eversource Energy worth $34,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ES. Mizuho Bank Ltd. bought a new position in shares of Eversource Energy in the 4th quarter worth $26,000. Kestra Investment Management LLC purchased a new stake in Eversource Energy in the 4th quarter worth about $29,000. Assetmark Inc. lifted its holdings in Eversource Energy by 99.2% during the fourth quarter. Assetmark Inc. now owns 510 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 254 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Eversource Energy by 104.5% in the fourth quarter. Venturi Wealth Management LLC now owns 589 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Eversource Energy during the 4th quarter valued at approximately $35,000. Institutional investors own 79.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ES. Barclays decreased their price objective on Eversource Energy from $72.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $58.00 price objective (down from $69.00) on shares of Eversource Energy in a research note on Thursday, April 10th. StockNews.com downgraded shares of Eversource Energy from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Guggenheim reaffirmed a "buy" rating on shares of Eversource Energy in a research note on Monday, February 10th. Finally, Scotiabank dropped their target price on shares of Eversource Energy from $56.00 to $55.00 and set a "sector underperform" rating on the stock in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Eversource Energy currently has a consensus rating of "Hold" and an average price target of $65.78.

Insider Buying and Selling at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the completion of the transaction, the insider now owns 22,671 shares of the company's stock, valued at $1,411,496.46. The trade was a 12.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jay S. Buth sold 980 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total value of $61,730.20. Following the transaction, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.41% of the company's stock.

Eversource Energy Stock Performance

Shares of NYSE ES traded down $0.31 during midday trading on Wednesday, hitting $59.11. 1,154,789 shares of the company's stock traded hands, compared to its average volume of 2,371,762. The firm has a fifty day moving average of $59.71 and a 200 day moving average of $60.22. Eversource Energy has a 1 year low of $52.28 and a 1 year high of $69.01. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58.

Eversource Energy (NYSE:ES - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. Eversource Energy had a return on equity of 10.99% and a net margin of 6.82%. On average, analysts forecast that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.